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FINANCIAL NEWS
Dubai will develop USD 13.6bn free zone
02 Mar 2016
(MENAFN) A USD 13.6bn Dubai free zone was proclaimed by the Dubai Government to build upon the emirate’s historic strengths in trade and logistics which will be applied by Dubai Holding.
Moreover, this will help the UAE acquire a notable share of the international trade, recently worth USD 4.3tr and projected to grow to USD 4.9tr in five years.
Accordingly, the UAE has a clear economic vision which creates new economic sector and reformulating current sectors on an international scale.
An online stage for wholesale trade will be ready as part of the city, with global e-commerce predicted to grow in value from USD 1.67tr in 2015 to USD 2.94tr in 2018.
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